General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsOur home owners insurance bill came today.
I am sure it is due to living 4 miles from the Moore Oklahoma tornado in May, but our home owners insurance doubled on our little 1300 square foot home. We have 1000 deductible, added earthquake insurance because of all of the fracking quakes lately. Our homeowners is now $2100 a year!
Cannot do without it down here, but anytime people talk about how cheap it is to live here they should take into consideration how much the insurance costs!
RobertEarl
(13,685 posts)Freaking over the science about climate change and global warming.
It is their job to be aware of what can happen, so they have studied the matter thoroughly.
They have come to the conclusion that the changes in the atmosphere will create increasingly drastic weather. Drastic weather cost them lots of money so they are raising the funds needed to pay those costs by raising premuims.
redstatebluegirl
(12,265 posts)It is still shocking when it doubles though....
PasadenaTrudy
(3,998 posts)an apt bldg in Los Angeles. My ins. is over $20K a year...fire, liability, etc.
Still Sensible
(2,870 posts)from Moore and expect similar. Haven't got the notice yet.
Always great to hear about other blues in these parts. The only red in this house has an OU logo on it.
redstatebluegirl
(12,265 posts)sorefeet
(1,241 posts)they had a tornado 2 years ago. They raised his home insurance and said Billings is in the new tornado alley. In Florida they dropped brothers hurricane insurance. And he is inland.
benld74
(9,904 posts)I dropped our earthquake coverage, just to get it under $2k. Am stuck with them until some car incidents clear off our vehicles.
redstatebluegirl
(12,265 posts)This is nuts! I understand somewhat but boy it is painful when the state hasn't given anyone a salary increase in so long.
kelly1mm
(4,733 posts)it is non occupied full time, ins co wanted $2750 per year for coverage!!!!!!!!! Uh, no thanks! that is over 10% per year of the cost of the structure! I will cover myself thank you very much.
onethatcares
(16,167 posts)due to living in a home that was built in 1926 out of Southern Pine lumber, I guess.
at least we don't need flood insurance. those premiums are going up 20% a year or a minimum of 100 % if you sell your house
with a mortgage.
It's getting pretty hard to keep up with the rate increases.